Jackson Economic Development Corporation

Organization Overview

Jackson Economic Development Corporation is located in Jackson, MN. The organization was established in 2004. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jackson Economic Development Corporation is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.

For the year ending 12/2022, Jackson Economic Development Corporation generated $754.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $177.9k during the year ending 12/2022. While expenses have increased by 0.4% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

ORGANIZATION'S PRIMARY FUNCTION IS TO IMPROVE AND DEVELOP THE INDUSTRIAL NEEDS OF THE COMMUNITY AND TO ASSIST IN CREATING JOBS. THE ORGANIZATION IS ENGAGED PRINCIPALLY IN THE DEVELOPMENT, LEASING, AND SALE OF ORGANIZATION-OWNED PROPERTIES IN THE JACKSON, MINNESOTA AREA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO DEVELOP, LEASE AND SELL ORGANIZATION OWNED PROPERTIES WHILE ASSISTING IN THE DEVELOPMENT OF JOBS.


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Board, Officers & Key Employees

Name (title)Compensation
Brad Anderson
Director
$0
Jan Fransen
Director
$0
Brandon Finck
Director
$0
Richard Reed
Secretary
$0
Richard Koch
Director
$0
Robert Arp
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$361,628
Investment income $7,225
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $386,068
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $754,921

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